Commodities sink in jittery markets
The twentieth trading week of the year was characterized by a wide retreat in commodity prices as doubts grew regarding the health of the global economy in the face of continued sovereign debt problem…
News
Who will follow Australia’s lead on mining tax? (May 31, 2010)
The global mining team at UBS Investment Research is fingering Brazil, the Democratic Republic of the Congo (DRC) and Mongolia as “potential early adopters” of taxes similar to Australia’s proposed ne…
Western Copper denial justified
In regards to the article “Western Copper permit denial casts shadow on Yukon permitting process” ( T. N. M., May 24-30/10), the record needs to be set straight.
Industry donates $11M to BC Museum of Mining
VANCOUVER –The mining industry in British Columbia is constantly fighting an image battle, trying to convince the wider public that the industry’s environmental practices have improved dramatically i…
Platinum Partners looking for buyer for bankrupted Firstgold’s assets (May 31, 2010)
When U.S. President Barack Obama’s administration threatened to block the sale of 51% of Firstgold Corp. (FGD-T, FGOC-O) to China’s state-owned Northwest Nonferrous International Investment Company la…
PEOPLE (May 31, 2010)
Abacus Mining & Exploration — James Excell appointed a director.
TORONTO STOCK EXCHANGE -May 18-21
Continued worries over the euro zone banking sector combined with rising tensions on the Korean peninsula had a negative impact on the TSX composite index as it fell nearly 500 points to finish the ho…
TSX VENTURE EXCHANGE -May 18-21
The S&P/TSX Venture composite index fell again during the shortened May 18 to 21 trading period, losing 132.87 points in three days before recovering with a 31.58-point gain on the last day to clo…
U.S. MARKETS -May 18-24
Investors bailed out of the markets as worries escalated about Europe’s evolving debt crisis and tensions rose between North and South Korea. The Bank of Spain’s move over the weekend to seize regiona…
SPOT PRICES (May 31, 2010)
COURTE SY OF SCOTIABANK
LME WAREHOUSE LEVELS (May 31, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 25, 2010 (change from May 18 in brackets):
PRODUCER AND DEALER PRICES (May 31, 2010)
Antimony: Mid-mkt US$9,366.66/t.